newszine

Snakes and ladders: SoftBank Vision Fund’s climbing, sliding valuations

22 hours ago NAMEX Comments Off on Snakes and ladders: SoftBank Vision Fund’s climbing, sliding valuations
(Reuters) – The $100 billion Vision Fund of Japan’s SoftBank Group Corp (9984.T) has in just over two years burned through much of its capital investing in money-losing, late-stage tech startups in areas as varied as autonomous driving, healthcare and finance. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference Read More

S. Korean, Japanese PMs likely to meet next week amid strained ties

22 hours ago NAMEX Comments Off on S. Korean, Japanese PMs likely to meet next week amid strained ties
South Korea’s PM Lee Nak-yon is expected to meet Japanese PM Shinzo Abe next Thursday in what would be the highest-level talks between the two countries since Tokyo imposed export curbs in a trade and diplomatic spat, Reuters cited Seoul officials as saying on Friday. Lee is scheduled to visit Tokyo for October 22-24 to Read More

Tech sector leads Nikkei rally after Brexit relief

1 day ago NAMEX Comments Off on Tech sector leads Nikkei rally after Brexit relief
TOKYO, Oct 18 (Reuters) – Japanese shares inched higher on Friday after high-tech companies jumped on upbeat earnings from Taiwan’s TSMC while the overall sentiment was also underpinned after the European Union and Britain struck a severance deal. The Nikkei share average rose 0.77% to 22,624.60, jumping above Tuesday’s high to hit a 10 1/2-month Read More

Asian stocks track Brexit deal cheer but China caution prevails

1 day ago NAMEX Comments Off on Asian stocks track Brexit deal cheer but China caution prevails
SHANGHAI (Reuters) – Asian stocks edged higher on Friday, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap gains with data expected to show weaker growth. Passersby are reflected on a stock quotation board outside a Read More

Hundreds of dignitaries to attend as Japan’s emperor declares enthronement

1 day ago NAMEX Comments Off on Hundreds of dignitaries to attend as Japan’s emperor declares enthronement
TOKYO (Reuters) – Japanese Emperor Naruhito is set to proclaim his enthronement to the world next week in a centuries-old ceremony attended by some 2,500 people, including heads of state and other dignitaries from nearly 200 countries. FILE PHOTO – Japan’s Emperor Naruhito and Empress Masako greet well-wishers during their first public appearance at the Read More

Abu Dhabi’s Mubadala eyes debt market, weighs SoftBank’s Vision Fund 2: CEO

2 days ago NAMEX Comments Off on Abu Dhabi’s Mubadala eyes debt market, weighs SoftBank’s Vision Fund 2: CEO
FILE PHOTO: The logo of SoftBank Group Corp is displayed at the SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo ABU DHABI (Reuters) – Abu Dhabi state investor Mubadala Investment Co will be looking at the debt markets over the next few weeks amid attractive market conditions, said the fund’s Read More

China cuts US debt holdings to lowest level in more than two years amid simmering trade war

2 days ago NAMEX Comments Off on China cuts US debt holdings to lowest level in more than two years amid simmering trade war
Beijing cut the holdings of US Treasuries by $6.8 billion in August, reaching the lowest level since May 2017, the latest data from the US Treasury Department, released on Wednesday, shows. Washington’s trade war rival reduced its holdings of US government debt to $1.104 trillion in August from $1.110 trillion a month earlier. Since the Read More

Olympic fever? Tourists may be unaware Japan IMPORTED Ebola in preparation for 2020 games

2 days ago NAMEX Comments Off on Olympic fever? Tourists may be unaware Japan IMPORTED Ebola in preparation for 2020 games
The Japanese government has imported strains of Ebola and four other lethal pathogens to research possible countermeasures should an outbreak occur with the vast influx of athletes and tourists at the Tokyo Olympics in 2020. The Japanese health ministry’s National Institute of Infectious Diseases (NIID) has begun tests on live samples of Ebola, Crimean-Congo haemorrhagic Read More

UPDATE 1-Elliott pushes Japan’s Unizo to accept $1.6 bln Blackstone bid

2 days ago NAMEX Comments Off on UPDATE 1-Elliott pushes Japan’s Unizo to accept $1.6 bln Blackstone bid
TOKYO (Reuters) – Unizo Holdings’ (3258.T) top shareholder Elliott Management pushed the Japan hotel operator to accept a $1.6 billion tender offer from Blackstone Group (BX.N), warning it would take “all available measures” if it fails to do its “fiduciary duty”. FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the Read More

South Korean court upholds 45-day ban on Asiana’s San Francisco flights

2 days ago NAMEX Comments Off on South Korean court upholds 45-day ban on Asiana’s San Francisco flights
SEOUL (Reuters) – South Korea’s Supreme Court upheld on Thursday a government decision to suspend Asiana Airlines’ Incheon-San Francisco route for 45 days, adding to the debt-ridden carrier’s headaches as it battles rising competition and falling demand. FILE PHOTO: An Asiana Airlines Boeing 747-400 taxis at San Francisco International Airport, San Francisco, California, February 7, Read More